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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $124.47
- 3 Days on Market
- MLS # : 1498103
- Updated Date : 12/05/2020 at 03:42
CONSTRUCTION
- Beds : 3
- Floor Size : 2,329 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Heritage
Listing Agent's Description
Dream Home Alert!! Come see this gorgeous, meticulously designed & cared for home in desirable Arcadia Ridge community. From the pages of a high end magazine, this home is light, bright & airy with elevated details at every turn. Upgraded tile floors on first level and luxurious hardwoods on stairs & 2nd level: NO CARPET! Enjoy this open floorplan with high ceilings, great flow, & big windows flooding the rooms with natural light! Family room has wide & wonderful bluff views and easy access to the covered patio, & private, flat yard... perfect for endless entertaining! Enjoy beautiful TX sunrise or big sky star gazing from the living area, patio and master bedroom! This home shows like a model & has room for everyone to relax and unwind and enjoy the good life! Chef's kitchen w/granite, elegant backsplash, island w/breakfast bar, stainless appliances, Gas Cooktop, & ample pantry. Spacious upstairs owners suite features tray ceiling, crown molding, ceiling fan, large walk-in closet, oversized shower and dual vanities. Move right in and enjoy the endless upgrades: sprinkler system, gutters, high end water softener & reverse osmosis drinking water, 2 inch wood blinds, ceiling fans with remote controls, all new lighting & more (all upgrades from new builds). Great location w/easy access to 1604, 90, shopping, dining & entertainment. PLUS World class HOA amenities, top rated schools & NO city taxes! HURRY and see if this is your dream home. Doesn't your family deserve the best?
SEE MORE
- The metro employment growth is at 2.3 per cent and predicted to be at 2.2% in 2019 (USMayors.org, 2018)
- San Antonio metro has 60.7 percent labor force participation rate (USMayors.org, 2018)
- The metro contributes to 7.2 percent of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
- San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)
- Five Fortune 500 companies are headquartered in San Antonio: Valero Energy; Tesoro; United Services Automobile Association (USAA); CST Brands; and iHeart Media (Formerly CC Media Holdings).
PRICE & RENT TRENDS
Neighborhood: West San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,070 |
| Property Tax | -$647 | |
| Property Insurance | -$161 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$197
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$289,900
PROJECTED PRICE
$1,810
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.41% |
| Appreciation Year (1-5) | 3.9% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 9.02% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,824
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
0.58
YEARS SAVED
$1,011
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,811
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
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13958 Knob Creek San Antonio, TX 2
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- $1,810
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1418 Kedros San Antonio, TX 1
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LEASED 08/01/20- Rent
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- $1,775
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- 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2017
LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,825
- $0.78
-
1630 Desert Candle San Antonio, TX 4
- 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2016
LEASED 04/20/20- Rent
- Rent Per SQFT
- $1,850
- $0.76
-
1451 Kedros San Antonio, TX 5
- 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2017
LEASED 11/20/20- Rent
- Rent Per SQFT
- $1,900
- $0.81
PROPERTY LISTING DETAILS
1.210.727.6137
Keller Williams Heritage
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1498103
Last Updated: 12/05/2020
